[Federal Register Volume 60, Number 164 (Thursday, August 24, 1995)]
[Notices]
[Pages 44032-44033]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20996]
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[[Page 44033]]
FEDERAL RESERVE SYSTEM
Crestar Financial Corporation; Acquisition of Company Engaged in
Permissible Nonbanking Activities
The organization listed in this notice has applied under
Sec. 225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR
225.23(a)(2) or (f)) for the Board's approval under section 4(c)(8) of
the Bank Holding Company Act (12 U.S.C. 1843(c)(8)) and Sec. 225.21(a)
of Regulation Y (12 CFR 225.21(a)) to acquire or control voting
securities or assets of a company engaged in a nonbanking activity that
is listed in Sec. 225.25 of Regulation Y as closely related to banking
and permissible for bank holding companies. Unless otherwise noted,
such activities will be conducted throughout the United States.
The application is available for immediate inspection at the
Federal Reserve Bank indicated. Once the application has been accepted
for processing, it will also be available for inspection at the offices
of the Board of Governors. Interested persons may express their views
in writing on the question whether consummation of the proposal can
``reasonably be expected to produce benefits to the public, such as
greater convenience, increased competition, or gains in efficiency,
that outweigh possible adverse effects, such as undue concentration of
resources, decreased or unfair competition, conflicts of interests, or
unsound banking practices.'' Any request for a hearing on this question
must be accompanied by a statement of the reasons a written
presentation would not suffice in lieu of a hearing, identifying
specifically any questions of fact that are in dispute, summarizing the
evidence that would be presented at a hearing, and indicating how the
party commenting would be aggrieved by approval of the proposal.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
September 7, 1995.
A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. Crestar Financial Corporation, Richmond, Virginia; to acquire
Loyola Federal Savings Bank, Baltimore, Maryland, a subsidiary of
Loyola Capital Corporation, Baltimore, Maryland, and thereby engage in
operating a savings bank pursuant to Sec. 225.25(b)(9) of the Board's
Regulation Y.
Board of Governors of the Federal Reserve System, August 18,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-20996 Filed 8-23-95; 8:45 am]
BILLING CODE 6210-01-F
